As you get older and take on increasing responsibilities it is only natural to consider the importance of taking out insurance policies to protect you from unfortunate eventualities.
Many people first think about life cover when they buy their first home, or if they are getting married or having children. Life cover is an insurance which will pay out to your loved ones if you die and whilst this is often the first insurance people think about buying, in reality the chance of being seriously ill or unable to work is much more likely than the chance of dying. This is why it is also important to consider Income Protection Insurance and Critical Illness cover policies.
There are thousands of protection products available in the UK and whilst it is relatively simple to search for the cheapest premium, finding the most appropriate cover for your requirements is always our main objective.
This can involve looking at different types of cover such as:
- Life Assurance
- Mortgage Protection or Decreasing Term Assurance
- Level Term Assurance
- Income Protection Insurance also known as Permanent Health Insurance
- Business Protection
- Critical Illness Cover
- Family Income Benefit
An analysis of inheritance tax implications is also vital and can require the use of a trust to make sure plans are set up in the most tax efficient way.
How Aspect 8 can help
We are happy to offer a free initial consultation where we can learn more about your objectives and explain more about how we work and what our fees are.